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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Revenue from Contract with Customer, Excluding Assessed Tax $ 761,004 $ 668,128 $ 1,447,806 $ 1,252,928
Cost of sales 474,525 417,369 904,015 790,536
Gross profit 286,479 250,759 543,791 462,392
Selling, General and Administrative Expense 144,631 135,008 300,540 257,956
Restructuring Charges 2,241 4,441 2,583 6,134
Income from operations [1],[2] 139,607 111,310 240,668 198,302
Net interest expense and deferred financing amortization, net 21,968 10,404 42,488 19,227
Net Periodic Benefit Cost, Other Components (7,297) (9,116) (15,058) (18,821)
Other (income) expense, net (520) (542) (1,933) 631
Earnings before income taxes 125,456 110,564 215,171 197,265
Provision for income taxes 33,246 26,576 53,948 47,857
Net earnings $ 92,210 $ 83,988 $ 161,223 $ 149,408
Net earnings per share:        
Earnings Per Share, Basic $ 1.66 $ 1.51 $ 2.90 $ 2.69
Earnings Per Share, Diluted $ 1.66 $ 1.51 $ 2.90 $ 2.69
Weighted average number of shares        
Basic (in shares) 55,660,000 55,576,000 55,630,000 55,575,000
Dilutive common stock equivalents (in shares) [3] 0 0 0 0
Diluted (in shares) 55,660,000 55,576,000 55,630,000 55,575,000
Comprehensive income $ 70,895 $ 58,824 $ 135,961 $ 143,727
[1] Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.
[2] Restructuring expenses are allocated in operating income by segment. See note 17 for further details.
[3]
1There were no anti-dilutive equity awards excluded from common stock equivalents for any period presented.